Sandstorm Cash vs Retained Earnings Analysis

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CAD 8.12 0.08 0.98%

Sandstorm Gold financial indicator trend analysis is much more than just breaking down Sandstorm Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sandstorm Gold is a good investment. Please check the relationship between Sandstorm Gold Cash and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sandstorm Gold Cash account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Sandstorm Gold's Cash and Retained Earnings is -0.19. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Sandstorm Gold Ltd, assuming nothing else is changed. The correlation between historical values of Sandstorm Gold's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Sandstorm Gold Ltd are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Sandstorm Gold's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash

Cash refers to the most liquid asset of Sandstorm Gold, which is listed under current asset account on Sandstorm Gold Ltd balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sandstorm Gold customers. The amounts must be unrestricted with restricted cash listed in a different Sandstorm Gold account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Sandstorm Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sandstorm Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Sandstorm Gold's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 12.46, while Selling General Administrative is likely to drop about 7.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	62.3M	65.6M	150.8M	158.3M
Total Revenue	114.9M	148.7M	179.6M	188.6M

Gross Profit Total Revenue

Sandstorm Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Current Liab	Property Plant And Equipment Net	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.97	0.99	0.93	0.85	0.37	-0.31	-0.14	0.84	0.96	-0.1	0.96	-0.03	1.0	0.56	-0.19	0.62	0.38	0.11	0.81	0.99	0.98	0.64	0.87	0.7	0.98
Total Current Liabilities	0.97		0.95	0.92	0.81	0.4	-0.32	-0.17	0.76	0.95	-0.09	0.95	-0.06	0.97	0.52	-0.15	0.69	0.32	0.16	0.84	0.98	0.97	0.58	0.84	0.73	0.93
Total Stockholder Equity	0.99	0.95		0.88	0.82	0.42	-0.28	-0.1	0.89	0.92	-0.17	0.92	0.01	0.99	0.56	-0.17	0.62	0.41	0.1	0.8	0.97	0.96	0.71	0.88	0.67	0.97
Net Debt	0.93	0.92	0.88		0.82	0.29	-0.55	-0.42	0.67	0.98	0.07	0.98	-0.32	0.95	0.52	-0.24	0.5	0.33	0.01	0.79	0.96	0.95	0.48	0.79	0.67	0.93
Retained Earnings	0.85	0.81	0.82	0.82		-0.1	-0.19	-0.03	0.66	0.87	-0.05	0.87	0.07	0.84	0.31	-0.56	0.61	0.1	0.33	0.67	0.85	0.89	0.39	0.67	0.85	0.9
Accounts Payable	0.37	0.4	0.42	0.29	-0.1		-0.3	-0.22	0.52	0.25	-0.17	0.25	-0.19	0.38	0.55	0.5	0.11	0.44	-0.22	0.34	0.33	0.27	0.63	0.49	-0.13	0.29
Cash	-0.31	-0.32	-0.28	-0.55	-0.19	-0.3		0.97	-0.27	-0.36	-0.05	-0.36	0.94	-0.38	-0.23	0.14	0.09	-0.33	0.41	-0.26	-0.36	-0.37	-0.33	-0.36	-0.17	-0.36
Cash And Short Term Investments	-0.14	-0.17	-0.1	-0.42	-0.03	-0.22	0.97		-0.07	-0.22	-0.08	-0.22	0.99	-0.21	-0.12	0.07	0.15	-0.27	0.49	-0.2	-0.21	-0.22	-0.2	-0.24	-0.07	-0.18
Common Stock Shares Outstanding	0.84	0.76	0.89	0.67	0.66	0.52	-0.27	-0.07		0.69	-0.37	0.69	0.02	0.84	0.59	-0.13	0.43	0.44	0.06	0.57	0.78	0.79	0.84	0.78	0.53	0.83
Non Current Liabilities Total	0.96	0.95	0.92	0.98	0.87	0.25	-0.36	-0.22	0.69		0.05	1.0	-0.12	0.96	0.53	-0.23	0.57	0.29	0.11	0.81	0.98	0.97	0.46	0.79	0.73	0.95
Other Stockholder Equity	-0.1	-0.09	-0.17	0.07	-0.05	-0.17	-0.05	-0.08	-0.37	0.05		0.05	-0.12	-0.1	-0.05	0.07	-0.25	-0.62	0.08	0.01	-0.05	-0.09	-0.6	-0.29	-0.17	-0.07
Total Liab	0.96	0.95	0.92	0.98	0.87	0.25	-0.36	-0.22	0.69	1.0	0.05		-0.12	0.97	0.53	-0.23	0.58	0.3	0.11	0.81	0.98	0.97	0.46	0.8	0.73	0.96
Total Current Assets	-0.03	-0.06	0.01	-0.32	0.07	-0.19	0.94	0.99	0.02	-0.12	-0.12	-0.12		-0.1	-0.1	0.01	0.3	-0.26	0.56	-0.07	-0.1	-0.11	-0.11	-0.12	0.02	-0.08
Non Current Assets Total	1.0	0.97	0.99	0.95	0.84	0.38	-0.38	-0.21	0.84	0.96	-0.1	0.97	-0.1		0.56	-0.19	0.59	0.39	0.07	0.82	0.99	0.98	0.65	0.88	0.7	0.98
Non Currrent Assets Other	0.56	0.52	0.56	0.52	0.31	0.55	-0.23	-0.12	0.59	0.53	-0.05	0.53	-0.1	0.56		0.49	0.06	0.38	-0.05	0.33	0.54	0.53	0.37	0.4	0.32	0.54
Other Assets	-0.19	-0.15	-0.17	-0.24	-0.56	0.5	0.14	0.07	-0.13	-0.23	0.07	-0.23	0.01	-0.19	0.49		-0.34	0.25	-0.37	-0.15	-0.19	-0.24	-0.05	-0.17	-0.34	-0.29
Net Receivables	0.62	0.69	0.62	0.5	0.61	0.11	0.09	0.15	0.43	0.57	-0.25	0.58	0.3	0.59	0.06	-0.34		-0.03	0.53	0.77	0.62	0.62	0.43	0.66	0.49	0.54
Inventory	0.38	0.32	0.41	0.33	0.1	0.44	-0.33	-0.27	0.44	0.29	-0.62	0.3	-0.26	0.39	0.38	0.25	-0.03		-0.55	0.14	0.35	0.35	0.64	0.51	0.18	0.36
Other Current Assets	0.11	0.16	0.1	0.01	0.33	-0.22	0.41	0.49	0.06	0.11	0.08	0.11	0.56	0.07	-0.05	-0.37	0.53	-0.55		0.07	0.08	0.09	-0.22	-0.09	0.12	0.11
Other Current Liab	0.81	0.84	0.8	0.79	0.67	0.34	-0.26	-0.2	0.57	0.81	0.01	0.81	-0.07	0.82	0.33	-0.15	0.77	0.14	0.07		0.84	0.81	0.57	0.87	0.52	0.74
Property Plant And Equipment Net	0.99	0.98	0.97	0.96	0.85	0.33	-0.36	-0.21	0.78	0.98	-0.05	0.98	-0.1	0.99	0.54	-0.19	0.62	0.35	0.08	0.84		0.99	0.59	0.86	0.73	0.97
Property Plant And Equipment Gross	0.98	0.97	0.96	0.95	0.89	0.27	-0.37	-0.22	0.79	0.97	-0.09	0.97	-0.11	0.98	0.53	-0.24	0.62	0.35	0.09	0.81	0.99		0.58	0.85	0.8	0.97
Common Stock Total Equity	0.64	0.58	0.71	0.48	0.39	0.63	-0.33	-0.2	0.84	0.46	-0.6	0.46	-0.11	0.65	0.37	-0.05	0.43	0.64	-0.22	0.57	0.59	0.58		0.85	0.32	0.6
Common Stock	0.87	0.84	0.88	0.79	0.67	0.49	-0.36	-0.24	0.78	0.79	-0.29	0.8	-0.12	0.88	0.4	-0.17	0.66	0.51	-0.09	0.87	0.86	0.85	0.85		0.55	0.83
Other Liab	0.7	0.73	0.67	0.67	0.85	-0.13	-0.17	-0.07	0.53	0.73	-0.17	0.73	0.02	0.7	0.32	-0.34	0.49	0.18	0.12	0.52	0.73	0.8	0.32	0.55		0.73
Net Tangible Assets	0.98	0.93	0.97	0.93	0.9	0.29	-0.36	-0.18	0.83	0.95	-0.07	0.96	-0.08	0.98	0.54	-0.29	0.54	0.36	0.11	0.74	0.97	0.97	0.6	0.83	0.73

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Sandstorm Gold Account Relationship Matchups

Sandstorm Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	623.2M	649.9M	620.9M	2.0B	1.9B	2.0B
Total Current Liabilities	3.9M	3.4M	7.3M	19.0M	16.2M	17.0M
Total Stockholder Equity	570.9M	638.1M	592.6M	1.4B	1.4B	1.5B
Net Debt	41.4M	(110.9M)	(13.6M)	492.5M	430.0M	451.5M
Retained Earnings	(2.9M)	11.0M	35.6M	98.9M	122.9M	129.1M
Accounts Payable	3.9M	3.4M	2.2M	3.8M	5.7M	3.5M
Cash	7.0M	113.8M	16.2M	7.0M	5.0M	4.8M
Cash And Short Term Investments	17.8M	115.6M	21.2M	10.8M	33.4M	41.2M
Common Stock Shares Outstanding	191.0M	190.2M	196.9M	197.8M	300.0M	315.0M
Liabilities And Stockholders Equity	623.2M	649.9M	620.9M	2.0B	1.9B	2.0B
Non Current Liabilities Total	48.4M	8.3M	20.9M	514.3M	461.3M	484.3M
Other Stockholder Equity	(83.8M)	(92.5M)	(137.6M)	(2.8M)	(2.6M)	(2.7M)
Total Liab	52.3M	11.8M	28.2M	533.4M	477.4M	501.3M
Total Current Assets	28.1M	124.4M	33.6M	32.7M	53.8M	49.2M
Non Current Assets Total	595.0M	525.5M	587.3M	1.9B	1.9B	2.0B
Non Currrent Assets Other	10.4M	9.4M	6.6M	9.5M	30.8M	32.4M
Other Assets	6.9M	8.3M	5.0M	7.4M	6.7M	6.3M
Net Receivables	7.6M	8.0M	11.8M	23.9M	15.2M	7.9M
Other Current Assets	2.8M	737.0K	677K	531K	5.2M	5.5M
Accumulated Other Comprehensive Income	(83.8M)	(92.5M)	(137.6M)	(2.8M)	(6.3M)	(6.6M)
Property Plant And Equipment Net	395.5M	359.3M	473.7M	1.8B	1.6B	1.6B
Property Plant And Equipment Gross	395.5M	359.3M	873.7M	2.2B	2.1B	2.2B
Common Stock Total Equity	693.9M	684.7M	657.6M	719.7M	827.7M	604.0M
Common Stock	657.6M	719.7M	694.7M	1.3B	1.3B	757.9M
Other Liab	196K	5.5M	18.3M	14.8M	17.0M	17.9M
Net Tangible Assets	570.9M	638.1M	592.6M	1.4B	1.6B	1.7B
Long Term Investments	184.8M	156.8M	107.0M	151.3M	286.4M	300.7M
Property Plant Equipment	398.7M	359.3M	473.7M	1.8B	2.0B	2.2B
Short Long Term Debt Total	59.2M	2.9M	2.6M	499.5M	435M	456.8M
Long Term Debt Total	48.4M	2.9M	2.6M	499.5M	574.5M	603.2M
Cash And Equivalents	7.0M	113.8M	16.2M	7.0M	8.1M	7.7M
Short Term Investments	10.8M	1.9M	5.0M	3.8M	9.8M	7.2M
Net Invested Capital	615.9M	638.1M	592.6M	1.9B	1.9B	1.1B
Net Working Capital	24.3M	120.9M	26.3M	13.7M	37.6M	43.4M
Capital Stock	657.6M	719.7M	694.7M	1.3B	1.3B	987.7M

Pair Trading with Sandstorm Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sandstorm Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sandstorm Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sandstorm Stock

0.72

First Majestic Silver

Pair Corr

Moving against Sandstorm Stock

0.41

BRK

Berkshire Hathaway CDR

Pair Corr

The ability to find closely correlated positions to Sandstorm Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sandstorm Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sandstorm Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sandstorm Gold Ltd to buy it.

The correlation of Sandstorm Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sandstorm Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sandstorm Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sandstorm Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Sandstorm Gold is a strong investment it is important to analyze Sandstorm Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sandstorm Gold's future performance. For an informed investment choice regarding Sandstorm Stock, refer to the following important reports:

How To Invest In Sandstorm

Details

Is Sandstorm Stock a good investment?

Details

What is Sandstorm Gold's Net Worth?

Details

Largest Metals & Mining Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Please note, there is a significant difference between Sandstorm Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sandstorm Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sandstorm Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Sandstorm Cash vs Retained Earnings Analysis

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash

Retained Earnings

Sandstorm Gold fundamental ratios Correlations

Sandstorm Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sandstorm Gold fundamental ratios Accounts

Pair Trading with Sandstorm Gold

Moving together with Sandstorm Stock

Moving against Sandstorm Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash And Short Term Investments

Inventory	- 0.62	Other Stockholder Equity
Common Stock Total Equity	- 0.6	Other Stockholder Equity
Other Assets	- 0.56	Retained Earnings
Other Current Assets	- 0.55	Inventory
Cash	- 0.55	Net Debt
Cash And Short Term Investments	- 0.42	Net Debt